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Property profile & analytics
OFF-MARKET
Estimated value
$660,000
Garden apartment buildings
1503 Sherwood Frst St 36 Houston, TX 77043-3818
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US82-3183402
Property profile
Verified
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Year built
1973
Construction
FRAME
Total area
6,988 SF
Lot
2.43 ac (105,968 SF)
APN
700770040001
UPID
US82-3183402
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Timberline Forest Twnhses Apartments Apartment Building
-
Casa Tía Baby Condominium Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$655k
Blend (final)
Blend
$660k
Owner & transaction history
Apttf LLC · 8 yrs held
Apttf LLC
since 2017
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$775,000
+77.2%
Restaurant
$705,000
+61.7%
Auto repair, garage
$650,000
+49.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Houston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Houston submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$435,000
Current use
COMMERCIAL (GENERAL)
$775,000
Change: +77% · Conversion: Moderate
RESTAURANT
$705,000
Change: +62% · Conversion: Difficult
AUTO REPAIR, GARAGE
$650,000
Change: +49% · Conversion: Difficult
RETAIL STORES
$515,000
Change: +18% · Conversion: Difficult
MEDICAL BUILDING
$445,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$660k
Range $594k – $726k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$59,811
Tax year 2022
Assessed value
$4,997,568
Assessed 2024
Previous assessed
$5,673,140
-11.9% YoY
Effective rate
1.20%
On assessed value
Assessed land
$2,119,360
Assessed improvement
$2,878,208
Land market value
$2,119,360
Improvement market value
$2,878,208
Total market value
$4,997,568
Applied tax rate
25.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Garden apartment buildings
Use group
GARDEN APT, COURT APT (5+ UNITS)
Status
Off-Market
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
2
Rooms
3
Bathrooms
1
Total area
6,988 SF
Lot
2.43 ac (105,968 SF)
APN
700770040001
UPID
US82-3183402
Jurisdiction
HARRIS
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$435,000
COMMERCIAL (GENERAL)
Est. value
$775,000
RESTAURANT
Est. value
$705,000
AUTO REPAIR, GARAGE
Est. value
$650,000
RETAIL STORES
Est. value
$515,000
MEDICAL BUILDING
Est. value
$445,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1973
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
6
Rooms
3
Bathrooms
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
Apttf LLC
Entity
Mailing address
2205 AVE I STE #117, ROSENBERG, TX 77471-2651
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 15, 2018
—
Apttf LLC
—
Deed
related
$800,000 · Moritz Oak LLC
Oct 25, 2017
—
Apttf LLC
Moritz Oak LLC
Grant Deed
$3,825,000 · Green Bk
Dec 10, 2013
—
Moritz Oak LLC
Sweet Melissas Liquidation Wa
Grant Deed
related
—
Nov 25, 1997
—
Melissas Liquidation War Sweet
Timberline Forest LP
Grant Deed
$1,300,000 · Heller Financial
—
—
Sweet Melissas We Ltd
—
Deed Of Trust
related
$2,350,000 · Citibank NA
—
—
Apttf LLC
—
Deed Of Trust
related
$800,000 · Moritz Oak LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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